Did you know that online retail sales in Canada are expected to reach nearly $40 billion by 2019? When you compare this number to other countries, such as the US (which is expected to reach $480 billion in online sales by 2019), forty Bs seems like chump change. However, Canada’s annual e-commerce growth rate is projected to heat up faster (12.3%) than the rate in the US (10%) over the next five years. That is almost five times higher than the growth of Canada’s current total retail sales!
We don’t want to bore you with loads of stats, but our point is that the Canadian market is full of potential for online retailers.
Want a piece of Canada’s e-commerce pie? Then this news will make your day.
Just this month, Newegg released its Canada Global Seller Program, providing sellers around the globe an effortless gateway to reach Canadian customers. International retailers and manufacturers can now sell into Canada with relative ease through the marketplace’s infrastructure.
“Newegg Canada focuses on offering great product selection and delivering total customer satisfaction,” said Sophia Tsao, head of Newegg Marketplace. “We are excited to offer global merchants the opportunity to sell to Newegg’s more than 20 million tech-savvy visitors, many of whom have the potential to become highly loyal customers.”
Newegg Canada offers more than 20 product categories, such as consumer electronics, computer hardware, home appliances, jewelry and watches. Canada Global Seller Program participants will benefit from access to Newegg Canada’s 20 million annual unique visitors. Plus, Newegg sellers get to bypass credit card transactions, monthly dues and listing fees — a win-win all around!
And ChannelAdvisor customers, get ready to do your happy dance because we’ve integrated with Newegg’s new seller program. The Canadian market is embracing e-commerce quickly and we want our customers to have an easy point of entry to reach this growing online shopping population.
Selling on international marketplaces allows retailers to tap into additional sources of demand and generate new revenue. Whether or not Canada is the right market for you, it’s worth exploring international opportunities for your business. Check out our eBook, A Globetrotter’s E-Commerce Guide to Selling Internationally, to start your selling journey!
Blog post by Jordan Nowlin, social media and blog manager, ChannelAdvisor